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Bill > H402

NC H402

NC H402
Limit Rules With Substantial Financial Costs

summary

Introduced
03/13/2025
In Committee
06/09/2025
Crossed Over
04/28/2025
Passed
07/29/2025
Dead
Vetoed
06/27/2025
Veto Overridden
07/29/2025
Signed/Enacted/Adopted
07/29/2025

Introduced Session

2025-2026 Session

Bill Summary

AN ACT TO PUT LIMITATIONS ON RULES WITH SUBSTANTIAL FINANCIAL COSTS.

AI Summary

This bill introduces new regulations for state agency rulemaking with significant financial implications. It establishes that permanent rules projected to have an aggregate financial cost of at least $1 million over a five-year period must be adopted by a two-thirds vote of the board or commission, and rules with projected costs of at least $10 million must be unanimously approved. For rules with an estimated financial impact of $20 million or more, the General Assembly must ratify a bill specifically approving the rule before it can take effect. The bill also modifies how substantial economic impact is calculated, changing the analysis period from 12 months to five years and requiring detailed cost assessments that include direct and opportunity costs. These new provisions do not apply to rules required by federal law or those necessary to maintain federally delegated program compliance. The bill aims to increase scrutiny and legislative oversight of state agency rules that could have substantial financial consequences for businesses, organizations, and individuals affected by those rules.

Committee Categories

Government Affairs, Justice

Sponsors (60)

John Bell (R)*,  Allen Chesser (R)*,  Mike Schietzelt (R)*,  Jeff Zenger (R)*,  Jay Adams (R),  Jonathan Almond (R),  Dean Arp (R),  Brian Biggs (R),  Hugh Blackwell (R),  John Blust (R),  Jerry Branson (R),  Mark Brody (R),  Celeste Cairns (R),  Grant Campbell (R),  Jennifer Capps Balkcom (R),  Richard Carver (R),  Patricia Cotham (R),  Ted Davis (R),  Jimmy Dixon (R),  Brian Echevarria (R),  Blair Eddins (R),  Wyatt Gable (R),  Karl Gillespie (R),  Ed Goodwin (R),  Dudley Greene (R),  Kyle Hall (R),  Kelly Hastings (R),  Chris Humphrey (R),  Cody Huneycutt (R),  Frank Iler (R),  Neal Jackson (R),  Jake Johnson (R),  Keith Kidwell (R),  Donnie Loftis (R),  Jarrod Lowery (R),  Jeff McNeely (R),  Charlie Miller (R),  Ben Moss (R),  Erin Paré (R),  Howard Penny (R),  Ray Pickett (R),  Larry Potts (R),  Reece Pyrtle (R),  Tim Reeder (R),  Heather Rhyne (R),  Dennis Riddell (R),  Stephen Ross (R),  Paul Scott (R),  Mitchell Setzer (R),  Phil Shepard (R),  Sarah Stevens (R),  Larry Strickland (R),  John Torbett (R),  Steve Tyson (R),  Bill Ward (R),  Harry Warren (R),  Diane Wheatley (R),  Donna White (R),  David Willis (R),  Matthew Winslow (R), 

Last Action

Ch. SL 2025-82 (on 07/29/2025)
(1 Companion Bills)

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